Blair Nimmo, head of corporate recovery at KPMG in Scotland said the firm
would investigate allegations of fraud at collapsed construction company, Peter
Almost 350 jobs were lost when the company went bust.
Nimmo, said some creditors had made allegations against the company’s
activities, which he said were being looked into.
‘We have had people suggest matters, and in the normal course of that we will
investigate any matters that come to light,’ he said.
However he said it was ‘certainly not unusual’ for unfounded allegations to
surface in large insolvency cases.
Peter Walker ceased to trade in April when directors asked the Bank of
Scotland to call in receivers.
Nimmo said it was too early to estimate the extent of the group’s debt, or
how much KPMG expects it would recover from the company.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children